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On May 27, Scotia Bank (BNS) increased its common dividend from 47 to 49 cents per share. This is great considering that many financials are in a mess these days.

While reading the “The Dividend Rich Investor” book by Joseph Tigue and Joseph Lisanth, I came across a list of stocks that have paid dividends for a long time. The following are Canadian stocks that have paid dividends since the 1800s:

1. Bank of Novo Scotia (BNS) - Paid since 1834

2. Bank of Montreal (BMO) - Paid since 1829

3. TD Bank(TD) - Paid since 1857

4. Royal Bank of Canada (RY) - Paid since 1870

5. Imperial Oil Ltd. (IMO) - Paid since 1891

6. CIBC Bank (CIBC) - Paid since 1890.

written by David